Post by keitha on Jul 8, 2021 11:05:03 GMT
Chair and Table Hire Company
Borrowed funds to Buy an additional 2 Vehicles and 3600 chairs in late 2018
Last payment received in May 2020
FC defaulted this Loan in September and again in October 2020. but nothing since
A quick Google search show the company went into voluntary liquidation on the 3rd December 2020 with what appears to be no prospect of any recovery from the business, this makes one wonder what happened to the assets the funds that came from FC to purchase have gone. IF I as an investor can discover this why can't FC as presumably the liquidator should have contacted FC to discover the full extent of the outstanding debt
Looking at the statement of affairs the FC debt appears to be £20,000 more than the borrowing on this loan. I assume that the liquidators would contact FC to ascertain the outstanding debt,if so then surely an update should have been provided at that point.
Borrowed funds to Buy an additional 2 Vehicles and 3600 chairs in late 2018
Last payment received in May 2020
FC defaulted this Loan in September and again in October 2020. but nothing since
A quick Google search show the company went into voluntary liquidation on the 3rd December 2020 with what appears to be no prospect of any recovery from the business, this makes one wonder what happened to the assets the funds that came from FC to purchase have gone. IF I as an investor can discover this why can't FC as presumably the liquidator should have contacted FC to discover the full extent of the outstanding debt
Looking at the statement of affairs the FC debt appears to be £20,000 more than the borrowing on this loan. I assume that the liquidators would contact FC to ascertain the outstanding debt,if so then surely an update should have been provided at that point.